Michigan Economic Development Corporation promotes Make It in Michigan strategy for talent growth

Michigan's economic landscape is set for a transformative shift as the state legislature convened on March 13, 2025, to discuss the "Make It in Michigan" strategy. This comprehensive approach aims to bolster economic competitiveness by focusing on three key pillars: people, places, and projects.

At the heart of the discussion was the urgent need for skilled workers to meet the demands of businesses across the state. The Michigan Economic Development Corporation (MEDC) emphasized its commitment to fostering a workforce that not only attracts talent from outside the state but also retains local workers. The strategy aims to create an environment where Michiganders can thrive and share in the state's economic growth.

MEDC's CEO highlighted the importance of continuous strategic assessment, ensuring that public policies are responsive to the needs of both large corporations and small businesses. This approach is designed to leverage Michigan's strengths in deep tech and hard tech, positioning the state as a leader in these sectors. The MEDC is dedicated to producing regular reports that inform legislative decisions and align with both state and federal priorities.

The meeting also underscored the significance of regional collaboration. MEDC operates across ten prosperity regions, tailoring its initiatives to the unique needs of each area. This localized approach allows for effective partnerships with local economic development organizations and businesses, ensuring that strategies are relevant and impactful.

In addition to workforce development, the MEDC is focused on enhancing community revitalization efforts and supporting small business development through funding and resources. The organization collaborates with entrepreneurial support groups to provide technical assistance, fostering a robust ecosystem for innovation and growth.

As Michigan moves forward with the "Make It in Michigan" strategy, the emphasis on building a skilled workforce and supporting local economies is expected to yield significant benefits. The state's goal of increasing median income and becoming a top ten state for economic prosperity reflects a forward-thinking vision that prioritizes the well-being of all Michiganders. The legislature's commitment to these initiatives signals a promising future for the state's economic competitiveness.